Banks ease debt collection norms to support cash-strapped firms

Comments 0
SummaryGiving more time to collect accounts receivable in genuine cash-flow constraint cases

an extension in the debt collection cycle are small and medium enterprises. “The clients to whom many of the mid-segment companies supply goods to are under stress. This is leading to irregularities in receiving payments,” he said. Bankers say small and mid-sized companies also account for the largest number of defaults and NPAs in the system.

Single Page Format
Ads by Google

More from Money & Funds

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...